GBPUSD closed @ 15805 which was BELOW the open and was within prior day's trading range. The High was 5 pips from Precise Trader's Res Tgt 1 and the Low was 10 pips from Precise Trader's Hrly Level. The Hourly Oscillators are Bearish and the Price is Within the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways while 15725 holds and Daily Trend is Sideways Up while 15540 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend was within the Prior two Day's Range but the Price Closed unchanged towards the Close which signifies a Choppy session with some Weakness. The MA is suggesting a Choppy Session and the Oscillators are suggesting Bearish but mixed. The Hourly Trend has been in a Range Trading with no Price Target until the break and the Patterns are suggesting a Choppy session until the Break, 15745-25 are the Critical levels to watch to maintain the Bullish Outlook. The Opening Price Principles are Mixed , so Cautious approach is needed until the Price breaks out of Zone 1 levels.
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